Global stocks jump after US inflation data; US dollar nearly flat

Economic Indicators - The U.S. Consumer Price Index (CPI) rose by 0.3% last month, slightly below the expected 0.4%, following a 0.4% increase in August, indicating controlled inflation growth [1][5] - Euro zone business activity unexpectedly grew faster in October, contributing to a positive economic outlook [4] Stock Market Performance - Major U.S. stock indexes reached record closing highs, with the Dow Jones Industrial Average rising by 472.51 points (1.01%) to 47,207.12, the S&P 500 increasing by 53.25 points (0.79%) to 6,791.69, and the Nasdaq Composite climbing by 263.07 points (1.15%) to 23,204.87 [5] - The S&P 500 and Nasdaq recorded their largest weekly percentage gains since August, while the Dow logged its biggest Friday-to-Friday jump since June [5] Corporate Earnings - Ford Motor shares surged by 12.2% after exceeding third-quarter profit expectations, contributing to overall positive sentiment in the market [5] - Analysts now anticipate third-quarter S&P 500 earnings growth of 10.4% year-on-year, up from an earlier estimate of 8.8% [5] Global Market Trends - European shares also closed at a record high, with the pan-European STOXX 600 index rising by 0.23% [1][5] - MSCI's global stock gauge increased by 6.28 points (0.63%) to 1,001.37, reaching an all-time high of 1,002.96 [5] Interest Rates and Yields - The Federal Reserve is expected to cut interest rates two more times this year, with a quarter-percentage-point cut anticipated for the October 28-29 meeting [5] - U.S. Treasury yields were little changed, with the benchmark 10-year yield last up 1.2 basis points at 4%, despite a slight decline over the week [4][5] Commodity Prices - Oil prices eased after rising 5% due to U.S. sanctions on major Russian oil companies, with U.S. crude settling at $61.50 per barrel and Brent at $65.94 [5] - Spot gold prices fell by 0.57% to $4,101.29 per ounce [5]